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Send Money To Slovakia

Slovakia is an exceptionally easy country to send money to. There are plenty of excellent deals available to you, and receiving money in Euros helps by giving you access to better international currency conversion rates, compared to what you might find in other countries.

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Read time
3 minutes
Last updated
4th Jan 2023

How to Send Money to Slovakia

If you’re looking to send money to Slovakia, here’s how you can get started:

Step 1
Find a trusted provider

Use our comparison table to compare providers so you can see who offers the best all-round service

Step 2
Register your details

Once you’ve chosen your provider, enter a few details and you’ll be signed up in minutes

Step 3
Transfer money

When you’re registered, you’ll be able to start sending money to Slovakia as soon as you’re ready

What Ways Can I Send and Receive Money in Slovakia?

You’ll be able to make a money transfer to or from Slovakia in the following ways.

Sending money
Receiving money

Ways to Send Money to Slovakia

You can send money to Slovakia by:

  1. Money transfer provider: The cheapest and quickest way to send money is usually to use a money transfer provider

  2. Direct wire transfer: You’ll also be able to send it directly via wire bank transfer, but this way can take longer and cost more

  3. International money order: You may choose to send an international money order, but these aren’t always available and they often come with limitations

Current Exchange Rates For Slovakia

The current exchange rate for the Euro (EUR) is 0.993075 EUR per American Dollar (USD) as of the time this was written. The EUR reached a high of 1.0257 EUR per USD and a low of 0.9921 EUR per USD during the last 90 days. The average exchange rate for the last 90 days was 1.0048 EUR per USD.

The EUR had an average volatility rate of 0.26% against the USD for the last 90 days. This is a normal volatility rate, and the EUR has been fluctuating similarly for a long time now. You can reasonably expect only normal fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.

What’s The Fastest Way To Send Money To Slovakia?

The fastest way to send money to Slovakia is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Slovakian destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers can take a bit longer.

The only downside to Western Union’s fast option is the fact that it is very expensive. You can always expect to pay more with Western Union, but their service is ubiquitous and relatively secure.

What’s The Cheapest Way To Send Money To Slovakia?

The cheapest way to send money to Slovakia is through OFX. OFX only charges a small percentage of each transaction, but that percentage gets smaller the more money you send through OFX at once.

OFX will either transfer your Euros to their Slovakian destination, or they will convert your currency into Euros during transit. For a guide on avoiding fees when sending money abroad through OFX, you can refer to their website.

What’s The Easiest Way To Send Money To Slovakia?

The easiest way to send money to Slovakia is through Wise. Wise is a peer-to-peer money transfer system that makes sending money to Slovakia very easy. Once you set up your account, you just need to follow their simple process whenever you need to send money:

1) Tap in the amount of money to be sent

2) Tap in the destination for the money

3) Pay Wise for the transaction

4) Wait a day or two for your money to reach its Slovakian destination

What’s The Overall Best Way To Send Money To Slovakia?

Wise offers the overall best way to send money to Slovakia. Wise is the best option because they offer the best-rounded deal, which is good for many different situations. Their waiting times are moderate, but the rates they charge and the platforms they offer are the areas where Wise shines. When ease of use, cost, and speed are considered, Wise offers the best way to send money to Slovakia.

Want to send money somewhere else?

Send money to Europe with our money transfer guides

Jonathan Merry
Jonathan Merry
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com
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United Kingdom
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£
GBP